Paul Abrams / HIffPo
He did it to Arbusto Energy in the '70s, to Spectrum 7 and Harken Energy in the '80s. Enormous debt. Selling his shares to foreigners just days before a negative report on losses, leaving the other shareholders to shoulder the burden.
Now, he's done it to the United States of America. Enormous debt (a $9 trillion turnaround from a $5 trillion projected surplus to a $4 trillion debt), sold to foreigners. Until, that is, the value of the dollar falls to levels that foreigners may prefer other currencies instead -- such as, say, the Euro?
For the first time since World War II the United States is not the world's #1 economy. We have slipped behind the European Union. (This, according to Erin Burnett on CNBC, Friday, March 14th.)
The European Union? What and where is that? Of course, we all know a "European Union", but that has national healthcare, strong unions, high tax rates on the wealthy, sales' taxes, well-funded pubic transport, free daycare, paid maternity leave..... so there is no chance that this is the same European Union whose economy exceeds the US, because those policies make prosperity impossible.
The rest after the click ...
My comment:
It's a miracle! And all in only 7 short years. Imagine what could happen if he could have just one more term! But hope is on the way ... VOTE
You know as well as I do that the Libertards want to destroy this country but if you want the kind of experience that really gets results ... vote Republican. They're the only ones who have a proven track record ... Iraq AND the United States of America!
FOR MORE OF THE SAME ... VOTE JOHN McCAIN ... vote Republican in 2008! It's the ONLY patriotic thing to do!!
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